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As fintech becomes more crucial in spreading access and adoption of financial services, banking is in a flux. See PwC report for Fintech Trends in India 2017 Globally, the top fintech trends for 2017 as listed by Chris Skinner will impact the progress of financial inclusion even in India:

But when Google feeds all the data from someone's bank accounts into their advertising engines it's fairly certain that bank profits - based on information asymmetries, product friction and brand loyalties - will vanish.

To stay in the loop, retail banks may choose a strategic option built around identity, trust and reputation - if they get their act together and regain thought leadership in the space. If not, 2018 will be the start of a fundamental realignment as banks become heavily regulated pipes for tech giants to use for their profit.